Camden Property price target lowered to $117 from $130 at Piper Sandler

Piper Sandler analyst Alexander Goldfarb lowered the firm’s price target on Camden Property to $117 from $130 and keeps a Neutral rating on the shares. As spring unfolds, real estate investment trust investors "are left waiting for clarity as the much anticipated recession refuses to come and the market battles between higher versus lower rates," the analyst tells investors in a research note. The firm continues to favor the Sunbelt, retail, and industrial.